CHICAGO-"The race for store locations has ended," Office Max Chairman and Chief Executive Officer Michael Feuer tells analysts Monday. Besides vacating more than 1 million sf, Office Max will slow expansion and seek smaller stores.

CHICAGO- Horizon Group Properties, Inc. sells a 117,980-sf factory outlet in Dry Ridge, KY to Sugar Oak Corp. The shopping center was 63% occupied at the time of closing. The sale reduces earning per share by $.03 per quarter.

CHICAGO-Pent-up multifamily demand drives prices per unit from $44,000 to more than $52,000 in the past year, says Marcus & Millichap research service manager Alon Z. Yonatan.

ORLANDO-The fast-food chain paid local lawyer/investor Hyman Lake $9.38 per sf for the 48,000-sf site at South Orange Blossom Trail and Jordan Road.